Daily Research 20 July 2016

positive Market.kiwoom-research-selasa

S2 S1 IDX R1 R2
5,127 5,150 5,172.8 5,200 5,225
  • Lower regional markets would provide the negative sentiment.
  • The IDX again took an upside turn above its recent high with high enough foreign buying sentiment. Nevertheless, an overbought trend would potentially push for profit taking actions.
  • Therefore, we predict that the IDX would be in the negative side today.

Daily Research:

BBRI

Sell on strength

S2 S1 Level R1 R2
10,800 11,050 11,800 11,950 12,200

BBRI ended the trading positively with a high enough volume but with an overbought RSI trend that could dampen a further up opportunity.

BSDE

Buy on weakness

S2 S1 Level R1 R2
1,875 1,965 2,000 2,100 2,200

BSDE edged negatively followed by a bearish engulfing pattern with the presences of several
supports that could limit the downturn.

ITMG

Sell on strength

S2 S1 Level R1 R2
10,650 11,550 12,000 12,600 13,275

ITMG still carried on the upside movement but with a shooting star formation and the presences of resistance levels that could slow down the upswing.

SMGR

Trading buy

S2 S1 Level R1 R2
8,400 8,825 9,525 9,700 10,000

SMGR moved higher with a strong volume after taking downturn in the last 4 days suggesting a further rebound momentum.

* This report is for informational purposes only. This report is exclusively published for the use of Kiwoom Securities clients, and may not be reproduced or distributed. While the information was collected from secure sources, Kiwoom Security does not guarantee the accuracy or reliability of the information. Kiwoom Securities bears no liability for any losses that may occur from investments based on the information provided in this report.

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